Small Business Majority Foundation

• Economic Security
  • Public Policy and Systems Change

California’s Secure Choice Retirement Savings Trust Act requires businesses with five or more employees to offer retirement plans or to deposit a portion of employee compensation into the California Secure Choice Retirement Trust for employees’ retirement use. This requirement especially benefits low-income employees of small businesses, freelancers, and those patching together incomes through the gig economy. Research from Small Business Majority, a national advocacy organization, helped prove sufficient support existed to pass this act. It will continue to work to facilitate the act’s successful implementation.